Word: debted
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Though Greece has historically had high levels of debt compared to its general economic productivity—a situation only exacerbated by the ongoing financial recession—Harvard professors suggest that its economy is likely to stabilize to pre-recession levels over the coming years...
...primary problem for Greece now is whether or not the country will be able to generate enough capital to pay back their short-term debt, said Jeffrey A. Miron, a senior lecturer in economics...
Greece can breathe a sigh of relief. On April 11, the 16 members of the European Union that use the euro agreed to lend $40 billion to the struggling nation. Under the long-awaited financial-rescue plan, Greece, which is $400 billion in debt, would be able to borrow at interest rates of about 5%, significantly lower than commercial market rates, which have been higher than 7%. The International Monetary Fund is expected to offer an additional $20 billion. Greece did not immediately accept the E.U.'s overture, saying it would wait to see if the pledge alone was enough...
...case, though unique, is just one of many in a broad array of experiences among students subject to leaves of absence. According to the 2009 Student Handbook, students may be asked to consider a leave of absence for a host of reasons, including medical health, criminal behavior, outstanding debt to the College, risk to the community, incomplete courses or unfulfilled requirements, failure to submit proof of immunization records, or failure to register for a term...
...immensely proud of the step change in aid and debt relief we began at the G-8 summit in Gleneagles in 2005. Every day since, the donor aid given to developing countries has been saving thousands of lives. But such measures are not the whole answer to Africa's challenges. In the future, African countries should aim not to need development assistance. Good governance and sustained economic growth are key to eradicating poverty. That's the basis of the Africa Governance Initiative. (See pictures of Tony Blair...